Polybutene Market Research Report – Forecast till 2030

Polybutene Market: Information by Application (Adhesives, Cosmetics, Electrical Insulation, Fuel and Lubricant Additives, Lubricants, Others), Region (North America, Asia-Pacific, Latin America, Middle East & Africa) — Forecast till 2030

ID: MRFR/CnM/6020-HCR | January 2023 | Region: Global | 140 Pages         

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Polybutene Market

Polybutene Market is projected to be worth USD 850 million by 2030, registering a CAGR of 7.5% during the forecast period (2020 - 2030).

Segmentation
By Application Adhesives Cosmetics Electrical Insulation Fuel and Lubricant Additives Lubricants Others
Key Players
Companies Profiled   BASF SE (Germany)    Dongfang Hongye Limited Company (China)    DAELIM (South Korea)    INEOS (UK)    Lubrizol Corporation (U.S.)    LyondellBasell Industries Holdings B.V. (The Netherlands)    Mitsui Chemicals    Inc. (Japan)    TPC Group (U.S.)    Ylem Technology Co.    Ltd. (South Korea)    Braskem (Brazil)    KEMAT Polybutenes (Belgium)    SOLTEX (U.S.)    Maharasthra Polybutenes Ltd (India)    A S Harrison & Co Pty Limited (Australia)
Drivers
Market Driving Forces   Development in packaging    automotive and consumer electronics have offered growth potential for adhesive market
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Polybutene Market Overview


Polybutene Market was valued at USD 1.78 billion in 2016, growing with the CAGR of 4.5% during the forecast period. Polybutene is a plastic resin that exhibits excellent color, chemical and oxidative stability, cohesive nature, and low permeable properties, and it has been mainly used as modifiers and extenders in butyl rubbers. It also helps in reducing tensile strength and heat distortion temperature, and the superior properties of polybutene make it an ideal application for flexible automotive components such as gaskets, mudguards, wire jacketing, and airbag door covers.


The market for polybutene market has been segmented on the basis of application and area, and based on application, the polybutene market has been divided into automotive, adhesive, electrical insulation, fuel, and lubricant additives, cosmetics and personal care, and others. Adhesive-based polybutene is dominating the market that maintains high flexibility at low temperatures. As an adhesive, the chief application is binding and packing majorly used in diapers and feminine products.


Market Segmentation


The polybutene market has been segmented on the basis of application and region. Based on application, the polybutene market has been segregated into automotive, adhesive, electrical insulation, fuel and lubricant additives, cosmetics and personal care and other. Adhesive based polybutene has been dominating the market, it maintains high flexibility at low temperatures. As an adhesive its chief application are binding and packing majorly used in diapers and feminine products.


polybutene based lubricants segment is projected to witness significant growth owing to wide application in automotive and industrial lubrication replacing mineral oil. Polybutene unique properties such as good lubricity, hydrophobicity, high film strength and non-corrosive nature further augments its application as lubricants in end-use industries.


Key Players


Some of the prominent players in the Polybutene market are BASF SE (Germany), Dongfang Hongye Limited Company (China), DAELIM (South Korea), INEOS (UK), Lubrizol Corporation (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Mitsui Chemicals, Inc. (Japan), TPC Group (U.S.), Ylem Technology Co., Ltd. (South Korea), Braskem (Brazil), KEMAT Polybutenes (Belgium), SOLTEX (U.S.), Maharasthra Polybutenes Ltd (India), A S Harrison & Co Pty Limited (Australia) and Kothari Petrochemicals (India).


Market Overview


Growing polybutene based adhesive application in labels & tapes, disposable soft goods and food packaging is expected to drive the market demand. According to market research future report global adhesive tape market is expected to be around USD 62 billion by 2022. Development in packaging, automotive and consumer electronics have offered growth potential for adhesive market. In addition, according to China Adhesives and Tapes Industry Association, China adhesive production in 2014 was 6.59 million tons which has increased by 6.1% from 2013. Thus, rise in adhesive production and consumption is projected to propel polybutene market demand.


Increasing application of polybutene as an electrical insulation in several electronic products is projected to fuel market demand. Government initiative to strengthen economic growth in developing nations such as India, China, Africa, along with population growth and improving standard of living, is favoring global polybutene market. For instance, Electronic Industries Association of India has reported that Indian consumer electronic application production was worth USD 7,836 million in 2016 which has increased to USD 9,090 million in 2017. Thus, shift in consumers lifestyle towards smart lives has surged the demand for convenience electronic goods which has been positively influencing the polybutene application.


Global Polybutene Market Share, by Application, 2017 (%)


Polybutene Market


Source: MRFR analysis


Regional Analysis


Asia-Pacific dominates the global polybutene market with significant market share owing to rapid industrialization favouring the end-use industries of polybutene. The market growth is supplemented by low labour cost and economic growth. In addition, China and India government initiative to drive economic growth through innovation is expected to boost polybutene market demand. Moreover, recent trend of capacity expansion by global chemical manufacturing companies in emerging economies to meet customer demand is positively influencing the polybutene market growth during review period.


In North America market demand is positively impacted by growing application of polybutene in cosmetic & personal care products. Evolving consumers grooming habitat have increased the usage of cosmetic and skin care products in recent years. Further, increasing skin diseases across the globe has triggered the global consumption of skin care products. For instance, it is estimated that around 9,500 people are diagnosed by skin cancer in U.S. every day according to American Academy of Dermatology. Middle East & Africa and Latin America is expected to witness steady growth during the assessment period owing to rising application of polybutene in fuel and lubricants additive.Recent Development


Some of the important players in the polybutene market are BASF SE (Germany), DAELIM (South Korea), INEOS (UK), Dongfang Hongye Limited Company (China), Lubrizol Corporation (USA), and others. An increase in polybutene-based adhesive application in labels and tapes, disposable soft goods, and food packing is expected to take forward the market demand and according to a market research future report global adhesive tape, market is projected to be around USD 62 billion by 2022. Development in automotive and consumer electronics has offered growth potential for the adhesive market, and according to the China adhesives and tapes industry association, China's adhesive production in 2014 was 6.59 million tons which has increased by 6.1% from 2013. Hence, an increase in adhesive production and consumption is expected to propel polybutene market demand. The production of polybutene was worth USD 7,836 million in2016, increasing to 9,090 million in 2017.


Intended Audience



  • Polybutene manufacturers

  • Traders and distributors of Polybutene

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1.78 Billion
  CAGR   CAGR of 4.5% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Basis of application and region.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Dongfang Hongye Limited Company (China), DAELIM (South Korea), INEOS (UK), Lubrizol Corporation (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Mitsui Chemicals, Inc. (Japan), TPC Group (U.S.), Ylem Technology Co., Ltd. (South Korea), Braskem (Brazil), KEMAT Polybutenes (Belgium), SOLTEX (U.S.), Maharasthra Polybutenes Ltd (India), A S Harrison & Co Pty Limited (Australia) and Kothari Petrochemicals (India).
  Key Market Opportunities   Increasing application of polybutene as an electrical insulation in several electronic products is projected to fuel market demand.
  Key Market Drivers   Development in packaging, automotive and consumer electronics have offered growth potential for adhesive market.


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Frequently Asked Questions (FAQ) :

Polybutene Market is predicted to grow at 4.5% through forecast period of 2020-2027.

The forecast period for Polybutene Market research report is 2020-2027.

Some of the prominent players in the Polybutene market are BASF SE (Germany), Dongfang Hongye Limited Company (China), DAELIM (South Korea), INEOS (UK), Lubrizol Corporation (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Mitsui Chemicals, Inc. (Japan), TPC Group (U.S.), Ylem Technology Co., Ltd. (South Korea), Braskem (Brazil), KEMAT Polybutenes (Belgium), SOLTEX (U.S.), Maharasthra Polybutenes Ltd (India), A S Harrison & Co Pty Limited (Australia) and Kothari Petrochemicals (India).

Global Polybutene Market is dominated by APAC region.